p2p lending at lending club
Downpayment on House Flip
Homeownership Verified

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Listing Information
Amount: $3,000.00 Status: Loan created
Grade: AA DTI: 6%
Lender Rate: 8% Borrower: MsAva
Time Left: Finished State: FL
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Paid Origination Date: 2006-08-21 EricsCC ROI: 8%
Status History
Aug 30, 2006 Current
Dec 05, 2006 Paid
I am a real estate investor, realtor, mortgage broker with an opportunity to pick up a house in foreclosure. The 3 grand is going to the family to help them get relocated. The house is being purchased from the bank via short sell.  In fact, I have the money for this deal. Simply listing the loan to see how the prosper mechanism works from the borrowers side.  Must tell you that I will not keep this loan for 3 years.  As a lender I hate being paid off before I make any interest, therefore I will keep the loan for 6 month (March 27, 2007). Also, so your money is not tied up waiting for the auction to end, I'm doing a short listing 3 days. 

My credit speaks for itself.  My income comes from rental properties, stocks and various real estate deals. As you can see I have been in the credit bureau for 20 years with nary a blemish.

This test listing is so I can become a better lender and down the line perhaps a group leader. Bid with confidence.


Borrower's Other Listings
385019 Downpayment on House Flip AA $18,500 @ 24% Aug 19, 2008 Withdrawn

 

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